Launch Your City Graduates Out Of Memphis Incubator

Launch Your City, Eric mathews, Launch Memphis, startups,startup newsThe umbrella organization that oversees Launch Memphis, Wolf River Angels, Seed Hatchery, UpStart and Memphis Venture Mentors, Launch Your City, has graduated out of the Emerge Memphis accelerator. Launch Your City was situated in Emerge Memphis where they grew the Launch Pad co-working space and successfully put on the first two sessions of Seed Hatchery.

Launch Your City has hosted several 48 Hour Launch events in the Emerge facility, with it’s most recent event focusing on women entrepreneurship.

With all the positive growth and Launch Your City serving as the catalyst for entrepreneurial growth at Emerge, the incubator’s Board of Director’s, asked Launch Your City’s Co-President, Eric Matthews to serve as interim executive director over the last year.

That one year stint ends today and Mathews will transition back into his full time role as Co-President of Launch Your City along with Andre Fowlkes. While the organization had one of it’s best years to date, Mathews and Fowlkes weren’t able to work as closely as they had in years past, with Mathews at the helm of Emerge.

“Eric and I haven’t been able to work as closely together for a year” Fowlkes to nibletz.com Both Co-Presidents have a laundry list of things they want to tackle in 2013 to help enrich the entrepreneurial ecosystem. Mathews will vacate the Executive Director’s office at the end of the day today, roll up his sleeves and return to co-working in the launch pad.

There’s no time to rest in between job transitions. Fowlkes and Mathews, along with the Launch Your City team and community supporters, are launching the next class of Seed Hatchery later on this evening. In addition they will be helping out with everywherelse.co The Startup Conference through the weekend. As Winter turns to spring the Launch Your City team has a full plate at home and on the road. The organization is planning a working tour of Silicon Valley with some of the startups that have gone through their ecosystem. They are also planning a trip to Washington DC and New York while simultaneously planning events around Memphis In May, including Investor Day for Seed Hatchery.

“We felt like if we fumble the ball regarding the opportunities in front of us, it would not only be a detriment to us but to partners like EmergeMemphis. We’re an important client and feeder to Emerge, and we’re poised to grow our capacity 50 percent to 100 percent in the next year.” Mathews told Andy Meek of the Memphis Daily News

As for Emerge Memphis, Mathews, speaking to us from the Executive Directors office in front of a 14 foot back drop of Memphis Grizzlies ‘ All Star Zac Randolph, says that Emerge has filled to capacity, bringing on over 20 new high growth potential client companies to occupy the space that also includes mentorship opportunities, and other startup resources.

The Emerge Memphis Board has hired local aviation entrepreneur and former CEO of Pinnacle Airlines Phil Trenary, to consult while they find a permanent Executive Director.

As an incubator, by design Emerge Memphis is supposed to house startups and growing small businesses for a short time until they’re ready to graduate to the next phase. With that in mind, Mathews and Fowlkes will relocate Launch Your City into their own space.

“Really, this is a testament to incubation. It’s a good story for incubation and entrepreneurship,” Mathews said of the impending move to the Memphis Daily News. “This has been personal to me. I’ve dedicated a lot of time to it. And it’s been a spectacular year if you look at the past 12 months.”

Startups everywhereelse can see what Memphis is really made of, at everywhereelse.co The Startup Conference.

Interview With Eric Mathews Founder Of Memphis Startup Accelerator Seed Hatchery

Eric Mathews, Seed Hatchery, Memphis startup,startups,startup acceleratorWhile some startup communities are in their earliest stages of development, Memphis’ ecosystem is going on six years old. One of the biggest drivers of that startup community is Eric Mathews, who’s Launch Your City organization has been at the center of Memphis’ entrepreneurial community for over six years.

Launch Your City is the organization behind Launch Memphis, Upstart Memphis, and Seed Hatchery, Memphis’ intense three month startup accelerator. Seed Hatchery is currently taking applications for it’s third class which will begin in February and graduate in May during Memphis’ legendary Barbecue Festival.

We got a chance to catch up with Mathews to discuss Seed Hatchery, what makes it different, and why Memphis. Check out the interview below:

Read More…

Memphis’ Eric Mathews: What!! You Want Us To Just Find You A Technical Co-Founder?

LaunchMemphis,Eric Mathews,startups,startup adviceOne of my favorite interviews with TechStars co-founder David Cohen, is when he is being interviewed by a woman who’s asking great questions. They get into talking and Cohen says something to the effect of, “ya know that startup, that one where all these great ideas are listed and people can just buy them”, the interviewer plays into the question and Cohen says “me neither, because the startup hasn’t been made, ideas are worthless without execution”.

That same idea plays into a blog post written recently by Launch Memphis CEO and Co-President, Eric Mathews about a problem that he, and several other startup community leaders face every day, “Can you find me a technical co-founder”.

Mathews and his Launch Your City organization are responsible for running Emerge Memphis (the local incubator), Launch Memphis (startup initiatives including curriculum, support, and a free coworking space) and Seed Hatchery the cohort based Memphis accelerator.

With that wide range hats on Mathews and the other Launch Your City staff get the “can you find me a technical co-founder” question a lot.  In his blog post he explains a much better way of securing technical talent.

Many people walk in our doors with ideas they believe will change the world and make them rich.  The problem they invariably have is that they can’t build it.  95% of these potential founders have an idea for an mobile app or web app and they want the LaunchYourCity team to play matchmaker to a developer.  These potential founders don’t realize that the developer probably has his own awesome ideas.  Why would he switch from developing his ideas to developing yours?  These potential founders will get no where fast with developers because they have ignored the obvious: a developer is your first investor.

Like all investments you need to earn the right to ask!

Here is the typical scenario. A non-technical founder approaches a potential technical co-founder with just an idea. These potential founders usually have very little skin in the game. They haven’t invested a ton of their own time, but expect a developer to contribute 100s of hours. They haven’t even dipped into their own funds to get something mocked up or designed. These potential founders have not invested energy into determining who the customer is, understanding their buying behaviors, or even determine if they would want the app and pay for it. The outcome is always the same. The developer says no and gets annoyed with wannabe entrepreneurs and gets turned off to the startup world.

This is a very bad outcome for our entire community.  It could all be avoided.

Imagine going to a technical co-founder and saying the following:

“I have been working to validate an idea for a new app over the past couple of weeks.  I didn’t know if this was a good idea so I talked to 50 customers and found out that not only was it good, but also determined what the minimum features would be to satisfy the customer.  Because I wanted to continue to make progress, I taught myself to code a little bit.

“With a logo that I paid a local designer to polish up for me, I was able to get a one page website up and running articulating the features of the future app.  I also was able to code the website to capture email addresses from future customers.  I created a blog to talk about the industry and my perspective on the changes coming.  I got a lot of feedback and interest from the blog — one post has been viewed 10,000 times and has 56 comments.